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Insolvency Statistics in Canada—Third Quarter of 2018
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Tables
- Table 1: Total Insolvencies
- Table 2: Insolvencies Filed by Consumers
- Table 3: Insolvencies Filed by Businesses
- Table 4: Insolvencies by NAICS Economic Sectors, Canada
- Table 5: Insolvencies Filed by Consumers by Economic Region (ER)
- Table 6: Insolvencies Filed by Businesses by Economic Region (ER)
- Table 7: Insolvencies Filed by Consumers by Census Metropolitan Area (CMA)
- Table 8: Insolvencies Filed by Businesses by Census Metropolitan Area (CMA)
Glossary
Bankruptcy: The state of a consumer or a business that has made an assignment in bankruptcy or against whom a bankruptcy order has been made.
Business: Any commercial entity or organization other than an individual, or an individual who has incurred 50% or more of total liabilities as a result of operating a business.
Census Metropolitan Area (CMA): Each area consists of one or more adjacent municipalities situated around a major urban core. To form a census metropolitan area, the urban core must have a population of at least 100,000. For Statistics Canada's geographical definitions of the CMAs, go to CMA and CA: Detailed definition.
Consumer: An individual with more than 50% of total liabilities related to consumer goods and services.
Economic Region (ER): Standard geographical units created for analysis of regional economic activity. For Statistics Canada's geographical definitions of ERs, go to Economic region (ER).
North American Industry Classification System (NAICS): System that classifies economic units that have similar production processes in the same industry. This is a supply-based or production-oriented economic concept.
Proposal: An offer to creditors to settle debts under conditions other than the existing terms. A proposal is a formal agreement under the Bankruptcy and Insolvency Act.
Volume | % Change | 12-Month Period Ending | ||||||
---|---|---|---|---|---|---|---|---|
Q3 2018 | Q2 2018 | Q3 2017 | Q2 2018 | Q3 2017 | 09-30-2018 | 09-30-2017 | % Change | |
Newfoundland and Labrador | 679 | 745 | 599 | -8.9 | 13.4 | 2,777 | 2,434 | 14.1 |
Bankruptcies | 359 | 379 | 314 | -5.3 | 14.3 | 1,409 | 1,396 | 0.9 |
Proposals | 320 | 366 | 285 | -12.6 | 12.3 | 1,368 | 1,038 | 31.8 |
Prince Edward Island | 165 | 189 | 169 | -12.7 | -2.4 | 715 | 712 | 0.4 |
Bankruptcies | 93 | 120 | 100 | -22.5 | -7.0 | 416 | 432 | -3.7 |
Proposals | 72 | 69 | 69 | 4.3 | 4.3 | 299 | 280 | 6.8 |
Nova Scotia | 1,379 | 1,555 | 1,496 | -11.3 | -7.8 | 5,581 | 5,906 | -5.5 |
Bankruptcies | 886 | 979 | 994 | -9.5 | -10.9 | 3,517 | 4,032 | -12.8 |
Proposals | 493 | 576 | 502 | -14.4 | -1.8 | 2,064 | 1,874 | 10.1 |
New Brunswick | 1,199 | 1,186 | 1,126 | 1.1 | 6.5 | 4,436 | 4,479 | -1.0 |
Bankruptcies | 616 | 621 | 632 | -0.8 | -2.5 | 2,277 | 2,659 | -14.4 |
Proposals | 583 | 565 | 494 | 3.2 | 18.0 | 2,159 | 1,820 | 18.6 |
Quebec | 10,473 | 11,109 | 10,311 | -5.7 | 1.6 | 43,744 | 43,681 | 0.1 |
Bankruptcies | 5,523 | 5,930 | 5,823 | -6.9 | -5.2 | 22,991 | 24,607 | -6.6 |
Proposals | 4,950 | 5,179 | 4,488 | -4.4 | 10.3 | 20,753 | 19,074 | 8.8 |
Ontario | 9,622 | 10,435 | 9,397 | -7.8 | 2.4 | 39,044 | 39,225 | -0.5 |
Bankruptcies | 3,744 | 4,202 | 3,783 | -10.9 | -1.0 | 15,465 | 16,273 | -5.0 |
Proposals | 5,878 | 6,233 | 5,614 | -5.7 | 4.7 | 23,579 | 22,952 | 2.7 |
Manitoba | 685 | 793 | 644 | -13.6 | 6.4 | 2,771 | 2,604 | 6.4 |
Bankruptcies | 333 | 406 | 345 | -18.0 | -3.5 | 1,411 | 1,376 | 2.5 |
Proposals | 352 | 387 | 299 | -9.0 | 17.7 | 1,360 | 1,228 | 10.7 |
Saskatchewan | 927 | 871 | 823 | 6.4 | 12.6 | 3,415 | 3,220 | 6.1 |
Bankruptcies | 364 | 326 | 332 | 11.7 | 9.6 | 1,376 | 1,465 | -6.1 |
Proposals | 563 | 545 | 491 | 3.3 | 14.7 | 2,039 | 1,755 | 16.2 |
Alberta | 3,566 | 3,884 | 3,331 | -8.2 | 7.1 | 14,247 | 13,414 | 6.2 |
Bankruptcies | 1,238 | 1,343 | 1,210 | -7.8 | 2.3 | 5,046 | 5,251 | -3.9 |
Proposals | 2,328 | 2,541 | 2,121 | -8.4 | 9.8 | 9,201 | 8,163 | 12.7 |
British Columbia | 2,421 | 2,731 | 2,397 | -11.4 | 1.0 | 10,092 | 10,134 | -0.4 |
Bankruptcies | 992 | 1,125 | 961 | -11.8 | 3.2 | 4,139 | 4,361 | -5.1 |
Proposals | 1,429 | 1,606 | 1,436 | -11.0 | -0.5 | 5,953 | 5,773 | 3.1 |
Northwest Territories | 18 | 25 | 24 | -28.0 | -25.0 | 97 | 68 | 42.6 |
Bankruptcies | 10 | 15 | 18 | -33.3 | -44.4 | 55 | 43 | 27.9 |
Proposals | 8 | 10 | 6 | -20.0 | 33.3 | 42 | 25 | 68.0 |
Yukon | 4 | 9 | 8 | -55.6 | -50.0 | 36 | 33 | 9.1 |
Bankruptcies | 0 | 4 | 3 | -100.0 | -100.0 | 13 | 16 | -18.8 |
Proposals | 4 | 5 | 5 | -20.0 | -20.0 | 23 | 17 | 35.3 |
Nunavut | 1 | 2 | 0 | -50.0 | n/a | 7 | 2 | 250.0 |
Bankruptcies | 0 | 0 | 0 | n/a | n/a | 2 | 0 | n/a |
Proposals | 1 | 2 | 0 | -50.0 | n/a | 5 | 2 | 150.0 |
Canada | 31,139 | 33,534 | 30,325 | -7.1 | 2.7 | 126,962 | 125,912 | 0.8 |
Bankruptcies | 14,158 | 15,450 | 14,515 | -8.4 | -2.5 | 58,117 | 61,911 | -6.1 |
Proposals | 16,981 | 18,084 | 15,810 | -6.1 | 7.4 | 68,845 | 64,001 | 7.6 |
Volume | % Change | 12-Month Period Ending | ||||||
---|---|---|---|---|---|---|---|---|
Q3 2018 | Q2 2018 | Q3 2017 | Q2 2018 | Q3 2017 | 09-30-2018 | 09-30-2017 | % Change | |
Newfoundland and Labrador | 672 | 742 | 592 | -9.4 | 13.5 | 2,753 | 2,398 | 14.8 |
Bankruptcies | 353 | 376 | 308 | -6.1 | 14.6 | 1,391 | 1,369 | 1.6 |
Proposals | 319 | 366 | 284 | -12.8 | 12.3 | 1,362 | 1,029 | 32.4 |
Prince Edward Island | 163 | 188 | 167 | -13.3 | -2.4 | 711 | 699 | 1.7 |
Bankruptcies | 92 | 119 | 98 | -22.7 | -6.1 | 413 | 422 | -2.1 |
Proposals | 71 | 69 | 69 | 2.9 | 2.9 | 298 | 277 | 7.6 |
Nova Scotia | 1,363 | 1,548 | 1,479 | -12.0 | -7.8 | 5,532 | 5,849 | -5.4 |
Bankruptcies | 877 | 974 | 980 | -10.0 | -10.5 | 3,483 | 3,984 | -12.6 |
Proposals | 486 | 574 | 499 | -15.3 | -2.6 | 2,049 | 1,865 | 9.9 |
New Brunswick | 1,191 | 1,171 | 1,120 | 1.7 | 6.3 | 4,388 | 4,429 | -0.9 |
Bankruptcies | 611 | 606 | 626 | 0.8 | -2.4 | 2,241 | 2,616 | -14.3 |
Proposals | 580 | 565 | 494 | 2.7 | 17.4 | 2,147 | 1,813 | 18.4 |
Quebec | 9,998 | 10,596 | 9,871 | -5.6 | 1.3 | 41,667 | 41,625 | 0.1 |
Bankruptcies | 5,163 | 5,557 | 5,495 | -7.1 | -6.0 | 21,435 | 23,045 | -7.0 |
Proposals | 4,835 | 5,039 | 4,376 | -4.0 | 10.5 | 20,232 | 18,580 | 8.9 |
Ontario | 9,407 | 10,201 | 9,182 | -7.8 | 2.5 | 38,131 | 38,351 | -0.6 |
Bankruptcies | 3,590 | 4,025 | 3,626 | -10.8 | -1.0 | 14,794 | 15,638 | -5.4 |
Proposals | 5,817 | 6,176 | 5,556 | -5.8 | 4.7 | 23,337 | 22,713 | 2.7 |
Manitoba | 676 | 787 | 637 | -14.1 | 6.1 | 2,738 | 2,561 | 6.9 |
Bankruptcies | 325 | 401 | 341 | -19.0 | -4.7 | 1,382 | 1,344 | 2.8 |
Proposals | 351 | 386 | 296 | -9.1 | 18.6 | 1,356 | 1,217 | 11.4 |
Saskatchewan | 906 | 848 | 801 | 6.8 | 13.1 | 3,301 | 3,099 | 6.5 |
Bankruptcies | 354 | 310 | 314 | 14.2 | 12.7 | 1,299 | 1,375 | -5.5 |
Proposals | 552 | 538 | 487 | 2.6 | 13.3 | 2,002 | 1,724 | 16.1 |
Alberta | 3,514 | 3,833 | 3,283 | -8.3 | 7.0 | 14,045 | 13,208 | 6.3 |
Bankruptcies | 1,198 | 1,302 | 1,182 | -8.0 | 1.4 | 4,899 | 5,111 | -4.1 |
Proposals | 2,316 | 2,531 | 2,101 | -8.5 | 10.2 | 9,146 | 8,097 | 13.0 |
British Columbia | 2,400 | 2,706 | 2,371 | -11.3 | 1.2 | 9,985 | 9,975 | 0.1 |
Bankruptcies | 976 | 1,105 | 939 | -11.7 | 3.9 | 4,061 | 4,230 | -4.0 |
Proposals | 1,424 | 1,601 | 1,432 | -11.1 | -0.6 | 5,924 | 5,745 | 3.1 |
Northwest Territories | 18 | 25 | 24 | -28.0 | -25.0 | 97 | 67 | 44.8 |
Bankruptcies | 10 | 15 | 18 | -33.3 | -44.4 | 55 | 42 | 31.0 |
Proposals | 8 | 10 | 6 | -20.0 | 33.3 | 42 | 25 | 68.0 |
Yukon | 4 | 9 | 8 | -55.6 | -50.0 | 36 | 33 | 9.1 |
Bankruptcies | 0 | 4 | 3 | -100.0 | -100.0 | 13 | 16 | -18.8 |
Proposals | 4 | 5 | 5 | -20.0 | -20.0 | 23 | 17 | 35.3 |
Nunavut | 1 | 2 | 0 | -50.0 | n/a | 7 | 2 | 250.0 |
Bankruptcies | 0 | 0 | 0 | n/a | n/a | 2 | 0 | n/a |
Proposals | 1 | 2 | 0 | -50.0 | n/a | 5 | 2 | 150.0 |
Canada | 30,313 | 32,656 | 29,535 | -7.2 | 2.6 | 123,391 | 122,296 | 0.9 |
Bankruptcies | 13,549 | 14,794 | 13,930 | -8.4 | -2.7 | 55,468 | 59,192 | -6.3 |
Proposals | 16,764 | 17,862 | 15,605 | -6.1 | 7.4 | 67,923 | 63,104 | 7.6 |
Volume | % Change | 12-Month Period Ending | ||||||
---|---|---|---|---|---|---|---|---|
Q3 2018 | Q2 2018 | Q3 2017 | Q2 2018 | Q3 2017 | 09-30-2018 | 09-30-2017 | % Change | |
Newfoundland and Labrador | 7 | 3 | 7 | 133.3 | 0.0 | 24 | 36 | -33.3 |
Bankruptcies | 6 | 3 | 6 | 100.0 | 0.0 | 18 | 27 | -33.3 |
Proposals | 1 | 0 | 1 | n/a | 0.0 | 6 | 9 | -33.3 |
Prince Edward Island | 2 | 1 | 2 | 100.0 | 0.0 | 4 | 13 | -69.2 |
Bankruptcies | 1 | 1 | 2 | 0.0 | -50.0 | 3 | 10 | -70.0 |
Proposals | 1 | 0 | 0 | n/a | n/a | 1 | 3 | -66.7 |
Nova Scotia | 16 | 7 | 17 | 128.6 | -5.9 | 49 | 57 | -14.0 |
Bankruptcies | 9 | 5 | 14 | 80.0 | -35.7 | 34 | 48 | -29.2 |
Proposals | 7 | 2 | 3 | 250.0 | 133.3 | 15 | 9 | 66.7 |
New Brunswick | 8 | 15 | 6 | -46.7 | 33.3 | 48 | 50 | -4.0 |
Bankruptcies | 5 | 15 | 6 | -66.7 | -16.7 | 36 | 43 | -16.3 |
Proposals | 3 | 0 | 0 | n/a | n/a | 12 | 7 | 71.4 |
Quebec | 475 | 513 | 440 | -7.4 | 8.0 | 2,077 | 2,056 | 1.0 |
Bankruptcies | 360 | 373 | 328 | -3.5 | 9.8 | 1,556 | 1,562 | -0.4 |
Proposals | 115 | 140 | 112 | -17.9 | 2.7 | 521 | 494 | 5.5 |
Ontario | 215 | 234 | 215 | -8.1 | 0.0 | 913 | 874 | 4.5 |
Bankruptcies | 154 | 177 | 157 | -13.0 | -1.9 | 671 | 635 | 5.7 |
Proposals | 61 | 57 | 58 | 7.0 | 5.2 | 242 | 239 | 1.3 |
Manitoba | 9 | 6 | 7 | 50.0 | 28.6 | 33 | 43 | -23.3 |
Bankruptcies | 8 | 5 | 4 | 60.0 | 100.0 | 29 | 32 | -9.4 |
Proposals | 1 | 1 | 3 | 0.0 | -66.7 | 4 | 11 | -63.6 |
Saskatchewan | 21 | 23 | 22 | -8.7 | -4.5 | 114 | 121 | -5.8 |
Bankruptcies | 10 | 16 | 18 | -37.5 | -44.4 | 77 | 90 | -14.4 |
Proposals | 11 | 7 | 4 | 57.1 | 175.0 | 37 | 31 | 19.4 |
Alberta | 52 | 51 | 48 | 2.0 | 8.3 | 202 | 206 | -1.9 |
Bankruptcies | 40 | 41 | 28 | -2.4 | 42.9 | 147 | 140 | 5.0 |
Proposals | 12 | 10 | 20 | 20.0 | -40.0 | 55 | 66 | -16.7 |
British Columbia | 21 | 25 | 26 | -16.0 | -19.2 | 107 | 159 | -32.7 |
Bankruptcies | 16 | 20 | 22 | -20.0 | -27.3 | 78 | 131 | -40.5 |
Proposals | 5 | 5 | 4 | 0.0 | 25.0 | 29 | 28 | 3.6 |
Northwest Territories | 0 | 0 | 0 | n/a | n/a | 0 | 1 | -100.0 |
Bankruptcies | 0 | 0 | 0 | n/a | n/a | 0 | 1 | -100.0 |
Proposals | 0 | 0 | 0 | n/a | n/a | 0 | 0 | n/a |
Yukon | 0 | 0 | 0 | n/a | n/a | 0 | 0 | n/a |
Bankruptcies | 0 | 0 | 0 | n/a | n/a | 0 | 0 | n/a |
Proposals | 0 | 0 | 0 | n/a | n/a | 0 | 0 | n/a |
Nunavut | 0 | 0 | 0 | n/a | n/a | 0 | 0 | n/a |
Bankruptcies | 0 | 0 | 0 | n/a | n/a | 0 | 0 | n/a |
Proposals | 0 | 0 | 0 | n/a | n/a | 0 | 0 | n/a |
Canada | 826 | 878 | 790 | -5.9 | 4.6 | 3,571 | 3,616 | -1.2 |
Bankruptcies | 609 | 656 | 585 | -7.2 | 4.1 | 2,649 | 2,719 | -2.6 |
Proposals | 217 | 222 | 205 | -2.3 | 5.9 | 922 | 897 | 2.8 |